Interested in learning more about property mortgages in Canada? Look no further!
Latest News
Mortgage Career: Verico Homeguard Funding Ltd. + MORE Aug 20th
Company: Verico Homeguard Funding Ltd. Position: Mortgage Underwriter Location: Newmarket, ON Apply to: info@homeguardfunding.com Mortgage Underwriter (Full time, salaried) Experience Required: 2 years+ Licences Required: No Licence or designation required Homeguard Funding Ltd. is a very wel.... More »
What is a line of credit and what is it best used for? We make it make sense Oct 5th
If people are interested in opening a line of credit, money expert Jessica Moorhouse emphasizes the importance of gaining a full understanding of what you are signing on to before having it set up.... More »
5 surprises to avoid when switching mortgages before your term ends + MORE Jul 31st
These days, being a home owner with a mortgage can feel like you’ve ordered the chicken dinner before realizing there was a steak special. You orchestrate a last-minute switch before your meal arrives, and it’s only once your overcooked steak is served that you know you’ve made a mistake.
.... More »
Fewer Canadians contributed to RRSPs from 2000 to 2013 + MORE Feb 13th
OTTAWA — The number of Canadians in their prime-working years that contributed to their RRSP accounts steadily declined from 2000 to 2013, according to a report by Statistics Canada.
The report released Monday noted that two of the largest contribution declines were in 2008 and 2009, which was th.... More »
Millennials Could Be Hit Hardest by the Bank of Canada’s Interest Rate Hike + MORE Jun 3rd
Canadians, get ready to pay more to borrow money: The Bank of Canada, or BoC, announced a 0.50 per cent interest rate hike today to tame inflation, bringing its key interest rate up to 1.5 per cent, and signalled more hikes will come.
After slashing its key interest rate to 0.25 per cent at the o.... More »
Q1 2016 Bank Earnings – Mortgage Morsels
– canadianmortgagetrends.com
Alberta’s routed oil sector and the province’s surging unemployment rate (7.4% as of January) is, for the first time, having a noticeable impact on the Big Banks’ lending portfolios. Rising delinquency rates in personal lending have motivated banks to tighten their underwriting standards in the regions most affected by the oil crash, which also include Saskatchewan, Newfoundland and Labrador. That said, this line from TD Bank’s Chief Risk Officer, Mark Chauvin, sums up the overall health of the Big 6 banks: “Although we are seeing definite signs of deterioration in consumer lending, delinquency, and loss rates in the impacted regions, to-date, loan losses have been largely offset by strong READ MORE
No Spring Thaw in Sight for March Mortgage Rates
– ratesupermarket.ca
RateSupermarket.ca’s expert panel say lenders are taking a wait-and-see approach
Good news for early spring mortgage borrowers: interest rates won’t be rising along with the thermometer. While early signs of economic improvement are promising, consumer lenders and the central bank alike are holding their breath, looking to the Liberal stimulus announcement later this month before adjusting the cost of borrowing. This means both fixed and variable mortgage rate shoppers will access great discounts this month, and perhaps more to come as the spring mortgage wars traditionally heat up this season.
Click here to find the best mortgage rates in Canada>
Fixed Mortgage Rates: Unchanged
Government of Canada bond yields remain in high demand among investors seeking stability, pushing yields to new depths. While recent news of tepid economic growth eased yields slightly higher over last four weeks, they remain well below the 1% threshold – and only a few precious basis points above Prime…
Good news for early spring mortgage borrowers: interest rates won’t be rising along with the thermometer. While early signs of economic improvement are promising, consumer lenders and the central bank alike are holding their breath, looking to the Liberal stimulus announcement later this month before adjusting the cost of borrowing. This means both fixed and variable mortgage rate shoppers will access great discounts this month, and perhaps more to come as the spring mortgage wars traditionally heat up this season.
Click here to find the best mortgage rates in Canada>
Fixed Mortgage Rates: Unchanged
Government of Canada bond yields remain in high demand among investors seeking stability, pushing yields to new depths. While recent news of tepid economic growth eased yields slightly higher over last four weeks, they remain well below the 1% threshold – and only a few precious basis points above Prime…
